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Jan 02, 2019

RBI constitutes Expert Committee on Micro, Small & Medium Enterprises (MSMEs)

Considering the importance of the MSMEs in the Indian economy, it is essential to understand the structural bottlenecks and factors affecting the performance of the MSMEs. It has, therefore, been considered necessary that a comprehensive review is undertaken to identify causes and propose long term solutions, for the economic and financial sustainability of the MSME sector. Towards this end, it was announced in the Fifth Bi-Monthly Monetary Policy Statement for 2018-1

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Jan 02, 2019

Scheduled Banks’ Statement of Position in India as on Friday, December 21, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 22-DEC-2017 07-DEC-2018 * 21-DEC-2018 * 22-DEC-2017 07-DEC-2018 * 21-DEC-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1427.23 1482.88 1498.13 1476.2 1526.3 1540.92 ** b) Borrowings from banks 711.17 740.66 937.96 711.31 743.14 939.26 c) Other demand & time liabilities 112.93 131.78 94.23 114.43 132.91 95.37 II LIABILITIES TO OTHERS (A) a)

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Jan 01, 2019

RBI releases guidelines on restructuring of advances to MSMEs

Micro, Small and Medium Enterprises (MSMEs) form an important component of the Indian economy and contribute significantly to the country’s GDP, exports, industrial output, employment generation, etc. Considering the importance of MSMEs in the Indian economy, it is considered necessary at this juncture to take certain measures for creating an enabling environment for the sector. The issue of restructuring of MSME accounts was discussed in the meeting of the Central Bo

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Dec 20, 2018

Scheduled Banks’ Statement of Position in India as on Friday, December 07, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 8-Dec-17 23-NOV-2018 * 07-DEC-2018 * 8-Dec-17 23-NOV-2018 * 07-DEC-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1389.33 1475.63 1482.61 1439.35 1518.81 1526.03 ** b) Borrowings from banks 620.95 678.63 740.57 621.18 680.68 743.05 c) Other demand & time liabilities 105.99 97.7 132.16 107.45 99.05 133.29 II LIABILITIES TO OTHERS (A) a) Depo

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Dec 13, 2018

Marginal Cost of Funds Based Lending Rate (MCLR) for the month November 2018

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2018. Ajit Prasad Assistant Adviser Press Release: 2018-2019/1369

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Dec 06, 2018

Scheduled Banks’ Statement of Position in India as on Friday, November 23, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 24-Nov-17 09-NOV-2018 * 23-NOV-2018 * 24-Nov-17 09-NOV-2018 * 23-NOV-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1379.86 1478.26 1475.37 1429.53 1521.8 1518.55 ** b) Borrowings from banks 619.22 722.94 678.63 619.42 723.77 680.68 c) Other demand & time liabilities 153 120.94 96.39 154.37 122.38 97.74 II LIABILITIES TO OTHERS (A) a) Depos

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Dec 01, 2018

RBI approves Amalgamation of SBM Bank (Mauritius) Limited, India with SBM Bank (India) Limited

The Reserve Bank of India has sanctioned the Scheme of amalgamation of the entire undertaking of SBM Bank (Mauritius) Limited, India with SBM Bank (India) Limited which has been granted licence by the Reserve Bank to carry on the business of banking in India through Wholly Owned Subsidiary (WOS) Mode under section 22(1) of the Banking Regulation Act, 1949. The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banki

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Nov 22, 2018

Scheduled Banks’ Statement of Position in India as on Friday, November 09, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 10-NOV-2017 26-OCT-2018 * 09-NOV-2018 * 10-NOV-2017 26-OCT-2018 * 09-NOV-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1393.86 1441.2 1479.04 1444.19 1485.59 1522.58 ** b) Borrowings from banks 618.38 782.94 722.94 619.24 790.03 723.77 c) Other demand & time liabilities 138.3 143.7 120.69 139.76 145.14 122.13 II LIABILITIES TO OTHERS (A) a

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Nov 20, 2018

Marginal Cost of Funds Based Lending Rate (MCLR) for the month October 2018

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2018. Ajit Prasad Assistant Adviser Press Release : 2018-2019/1179

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Nov 14, 2018

RBI imposes monetary penalty on on Deutsche Bank A.G

The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of ₹ 30.10 million on Deutsche Bank A.G. (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, Know Your Customer / Anti-money Laundering (KYC/AML) norms, and on disclosure of monetary penalties imposed by the regulator. This penalty has been imposed in exercise of powers vested in RBI under the pro

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Nov 14, 2018

RBI imposes monetary penalty on The Jammu and Kashmir Bank Ltd

The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of ₹ 30 million on The Jammu and Kashmir Bank Ltd. (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and Know Your Customer / Anti-money Laundering (KYC/AML) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(

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Nov 09, 2018

Scheduled Banks’ Statement of Position in India as on Friday, October 26, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 27-Oct-17 12-OCT-2018 * 26-OCT-2018 * 27-Oct-17 12-OCT-2018 * 26-OCT-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1431.8 1436.75 1457.31 1482.1 1484.21 1501.70 ** b) Borrowings from banks 580.22 794.27 767.21 580.52 796.13 774.3 c) Other demand & time liabilities 116.37 123.11 143.87 117.38 124.43 145.31 II LIABILITIES TO OTHERS (A) a) De

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Nov 05, 2018

Reserve Bank of India imposes monetary penalty on FINO Payments Bank Limited

The Reserve Bank of India (RBI) has, on October 31, 2018, imposed a monetary penalty of ₹ 10 million on FINO Payments Bank Limited (the bank) for contravention of the direction to stop opening of new accounts until further instructions on account of violation of certain licensing conditions and operating guidelines for payments bank. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (

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Oct 29, 2018

NSDL Payments Bank Limited commences operations

NSDL Payments Bank Limited has commenced operations as a payments bank with effect from October 29, 2018. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. National Securities Depository Limited, Mumbai was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Ajit

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Oct 24, 2018

Scheduled Banks’ Statement of Position in India as on Friday, October 12, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 13-Oct-17 28-SEP-2018 * 12-OCT-2018 * 13-Oct-17 28-SEP-2018 * 12-OCT-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1425.33 1486.46 1437.61 1476.84 1532.08 1485.07 ** b) Borrowings from banks 635.39 761.39 788.37 635.75 772.62 790.23 c) Other demand & time liabilities 100.45 113.28 123.96 101.68 114.5 125.28 II LIABILITIES TO OTHERS (A) a)

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Oct 10, 2018

Marginal Cost of Funds Based Lending Rate (MCLR) for the month September 2018

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of September 2018. Ajit Prasad Assistant Adviser Press Release : 2018-2019/840

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Oct 10, 2018

Scheduled Banks’ Statement of Position in India as on Friday, September 28, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 29-Sep-17 14-SEP-2018 * 28-SEP-2018 * 29-Sep-17 14-SEP-2018 * 28-SEP-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1525.37 1467.27 1483.15 1577.15 1512.97 1528.77 ** b) Borrowings from banks 544.54 843.34 761.39 545.03 852.65 772.62 c) Other demand & time liabilities 91.22 104.77 113.4 92.63 106.36 114.62 II LIABILITIES TO OTHERS (A) a) De

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Oct 03, 2018

Reserve Bank of India imposes monetary penalty on Federal Bank Limited

The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of ₹ 50 million on Federal Bank Limited (the bank) for violation of Section 19(2) of Banking Regulation Act, 1949 (the Act) and for non-compliance with the directions issued by RBI on (a) reporting of data on Central Repository of Information on Large Credits (CRILC), (b) reporting to RBI for assessment under RBS, (c) payment of compensation for delay in resolution of

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Sep 28, 2018

Reserve Bank of India imposes monetary penalty on Karur Vysya Bank Limited

The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of ₹ 50 million on Karur Vysya Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms, reporting of frauds, and on need for discipline at the time of opening of current accounts. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) r

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Sep 26, 2018

Scheduled Banks’ Statement of Position in India as on Friday, September 14, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 15-Sep-17 31-AUG-2018 * 14-SEP-2018 * 15-Sep-17 31-AUG-2018 * 14-SEP-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1496.17 1484.94 1464 1548.84 1529.45 1509.70 ** b) Borrowings from banks 642.59 708.73 844.34 642.75 717.89 853.65 c) Other demand & time liabilities 84 155.66 104.41 85.22 159.36 106 II LIABILITIES TO OTHERS (A) a) Deposits (

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Sep 25, 2018

Marginal Cost of Funds Based Lending Rate (MCLR) for the month August 2018

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2018. Ajit Prasad Assistant Adviser Press Release: 2018-2019/691

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Sep 12, 2018

Scheduled Banks’ Statement of Position in India as on Friday, August 31, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 1-Sep-17 17-AUG-2018 * 31-AUG-2018 * 1-Sep-17 17-AUG-2018 * 31-AUG-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1476.05 1454.83 1481.07 1529.62 1499.54 1525.58 ** b) Borrowings from banks 619.93 749.95 698.73 620.07 760 707.89 c) Other demand & time liabilities 84.51 98.27 159.51 85.68 101.97 163.21 II LIABILITIES TO OTHERS (A) a) Deposit

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Sep 07, 2018

Reserve Bank of India imposes monetary penalty on Union Bank of India

The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Union Bank of India (the bank) for contravention of instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 taking into account delay on the part of the

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Sep 07, 2018

Reserve Bank of India imposes monetary penalty on Bank of India

The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Bank of India (the bank) for contravention of the instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 taking into account delay on the part of the ba

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Sep 07, 2018

Reserve Bank of India imposes monetary penalty on Bank of Maharashtra

The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Bank of Maharashtra (the bank) for contravention of the instructions contained in Master Circular on Fraud – Classification and Reporting issued by RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949 taking into account delay on the part of

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Sep 03, 2018

The Reserve Bank introduces Internal Ombudsman Scheme, 2018 for Scheduled Commercial Banks

Reserve Bank of India (RBI) had, in May 2015, advised all public-sector and select private and foreign banks to appoint Internal Ombudsman (IO) as an independent authority to review complaints that were partially or wholly rejected by the respective banks. The IO mechanism was set up with a view to strengthen the internal grievance redressal system of banks and to ensure that the complaints of the customers are redressed at the level of the bank itself by an authority

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Aug 30, 2018

Scheduled Banks’ Statement of Position in India as on Friday, August 17, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 18-AUG-2017 03-AUG-2018 * 17-AUG-2018 * 18-AUG-2017 03-AUG-2018 * 17-AUG-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1476.51 1470.32 1454.3 1531.28 1517.31 1499.01 ** b) Borrowings from banks 552.99 657.93 750 553.78 667.24 760.05 c) Other demand & time liabilities 72.86 111.41 98.27 73.86 112.79 101.97 II LIABILITIES TO OTHERS (A) a) De

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Aug 16, 2018

Marginal Cost of Funds Based Lending Rate (MCLR) for the month July 2018

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of July 2018. Ajit Prasad Assistant Adviser Press Release: 2018-2019/404

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Aug 16, 2018

Scheduled Banks’ Statement of Position in India as on Friday, August 03, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 04-AUG-2017 20-JUL-2018 * 03-AUG-2018 * 04-AUG-2017 20-JUL-2018 * 03-AUG-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1571.67 1483.63 1470.48 1627.85 1527.74 1517.47 ** b) Borrowings from banks 610 679.23 657.93 612.26 687.67 667.24 c) Other demand & time liabilities 58.94 104.05 111.41 59.92 105.84 112.79 II LIABILITIES TO OTHERS (A) a)

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Aug 01, 2018

Scheduled Banks’ Statement of Position in India as on Friday, July 20, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 21-JUL-2017 06-JUL-2018 * 20-JUL-2018 * 21-JUL-2017 06-JUL-2018 * 20-JUL-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1513.38 1507.87 1485.27 1569.04 1552.52 1529.38 ** b) Borrowings from banks 542.6 701.9 676.29 546.05 709.97 684.73 c) Other demand & time liabilities 35.14 73.05 104 36.05 74.8 105.79 II LIABILITIES TO OTHERS (A) a) Depos

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Jul 18, 2018

Scheduled Banks’ Statement of Position in India as on Friday, July 06, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 07-JUL-2017 22-JUN-2018 * 06-JUL-2018 * 07-JUL-2017 22-JUN-2018 * 06-JUL-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1511.54 1527.29 1510.52 1568.52 1574.54 1555.17 ** b) Borrowings from banks 553.2 703.12 701.91 556.67 712.98 709.98 c) Other demand & time liabilities 44.15 185.25 72.89 45.1 186.96 74.64 II LIABILITIES TO OTHERS (A) a) D

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Jul 05, 2018

Scheduled Banks’ Statement of Position in India as on Friday, June 22, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 23-JUN-2017 08-JUN-2018 * 22-JUN-2018 * 23-JUN-2017 08-JUN-2018 * 22-JUN-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1542.23 1530.76 1527.28 1599.42 1577.73 1574.53 ** b) Borrowings from banks 531.02 821.88 703.12 531.68 827.9 712.98 c) Other demand & time liabilities 67.5 105.47 186.68 68.44 107.11 188.39 II LIABILITIES TO OTHERS (A) a)

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Jun 29, 2018

Enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercial banks

Statutory Auditors (SAs) of banks play an important role in contributing to financial stability when they deliver quality bank audits which foster market confidence in banks’ financial statements. Quality bank audits are also a valuable input in the supervisory process of the Reserve Bank of India (RBI) for commercial banks. 2. In the interest of improving audit quality and with a view to instituting a transparent mechanism to examine accountability of SAs in a consis

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Jun 28, 2018

Scheduled Banks’ Statement of Position in India as on Friday, June 08, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 09-JUN-2017 25-MAY-2018 * 08-JUN-2018 * 09-JUN-2017 25-MAY-2018 * 08-JUN-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1554.69 1521.77 1516.43 1614.48 1569.29 1563.40 ** b) Borrowings from banks 570.96 764.27 830.47 571.78 769.09 836.49 c) Other demand & time liabilities 90.38 157.24 106.35 91.27 158.74 107.99 II LIABILITIES TO OTHERS (A)

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Jun 11, 2018

RBI releases draft guidelines on Loan System for Delivery of Bank Credit

The Reserve Bank of India today released draft guidelines on loan system for delivery of bank credit which stipulate a minimum level of 'loan component' in fund based working capital finance and a mandatory Credit Conversion Factor (CCF) for the undrawn portion of cash credit/ overdraft limits availed by large borrowers, with a view to enhancing credit discipline among large borrowers. Banks provide working capital finance by way of cash credit/overdraft, working capi

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Jun 07, 2018

Marginal Cost of Funds Based Lending Rate (MCLR) for the month May 2018

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2018. Ajit Prasad Assistant Adviser Press Release: 2017-2018/3214

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Jun 06, 2018

Report of the High Level Task Force on Public Credit Registry for India

As indicated in Para 17 of today’s Statement on Developmental and Regulatory Policies, the Reserve Bank of India placed on its website today the Report of the High Level Task Force (HTF) on Public Credit Registry (PCR) for India. Ajit Prasad Assistant Adviser Press Release : 2017-2018/3200

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Jun 06, 2018

Scheduled Banks’ Statement of Position in India as on Friday, May 25, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 26-MAY-2017 11-MAY-2018 * 25-MAY-2018 * 26-MAY-2017 11-MAY-2018 * 25-MAY-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1598.02 1526.9 1529.78 1658.11 1575.2 1577.30 ** b) Borrowings from banks 535.14 703.54 759.13 535.98 711.04 763.95 c) Other demand & time liabilities 46.36 84.75 160.03 47.19 86.22 161.53 II LIABILITIES TO OTHERS (A) a) D

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May 23, 2018

Scheduled Banks’ Statement of Position in India as on Friday, May 11, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 12-MAY-2017 27-APR-2018 * 11-MAY-2018 * 12-MAY-2017 27-APR-2018 * 11-MAY-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1676.52 1522.79 1526.84 1737.8 1572.47 1575.14 ** b) Borrowings from banks 568.03 785.13 703.56 568.86 792.92 711.06 c) Other demand & time liabilities 115.56 180.68 85.23 116.38 182.13 86.7 II LIABILITIES TO OTHERS (A) a)

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May 15, 2018

Marginal Cost of Funds Based Lending Rate (MCLR) for the month of April 2018

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of April 2018. Ajit Prasad Assistant Adviser Press Release: 2017-2018/2989

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May 10, 2018

Scheduled Banks’ Statement of Position in India as on Friday, April 27, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 28-Apr-17 13-APR-2018 * 27-APR-2018 * 28-Apr-17 13-APR-2018 * 27-APR-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1664 1501.13 1522.56 1726.82 1551.97 1572.24 ** b) Borrowings from banks 687.66 697.43 784.81 688.26 701.99 792.6 c) Other demand & time liabilities 38.17 62.82 180.68 39.02 64.15 182.13 II LIABILITIES TO OTHERS (A) a) Deposit

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Apr 25, 2018

Scheduled Banks’ Statement of Position in India as on Friday, April 13, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 14-APR-2017 30-MAR-2018 * 13-APR-2018 * 14-APR-2017 30-MAR-2018 * 13-APR-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1682.51 1613.71 1509.58 1746.9 1665.59 1560.42 ** b) Borrowings from banks 666.73 601.06 699.95 667.23 611.56 704.51 c) Other demand & time liabilities 75.68 67.97 62.83 76.48 68.5 64.16 II LIABILITIES TO OTHERS (A) a) Dep

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Apr 12, 2018

Scheduled Banks’ Statement of Position in India as on Friday, March 30, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 31-MAR-2017 16-MAR-2018 * 30-MAR-2018 * 31-MAR-2017 16-MAR-2018 * 30-MAR-2018 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1698.58 1413.62 1613.71 1765.51 1462.08 1665.59 ** b) Borrowings from banks 573.5 708.16 601.06 573.6 715.47 611.56 c) Other demand & time liabilities 58.63 132.48 67.46 58.63 133.94 67.99 II LIABILITIES TO OTHERS (A) a) D

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Apr 11, 2018

Reserve Bank of India imposes monetary penalty on IDBI Bank Limited

The Reserve Bank of India (RBI) has imposed, through an order dated April 09, 2018, a monetary penalty of ₹ 30 million on IDBI Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the

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Apr 06, 2018

Marginal Cost of Funds Based Lending Rate (MCLR) for the month of March 2018

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of March 2018. Ajit Prasad Assistant Adviser Press Release: 2017-2018/2661

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Apr 03, 2018

Jio Payments Bank Limited commences operations

Jio Payments Bank Limited has commenced operations as a payments bank with effect from April 3, 2018. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Reliance Industries Limited, Mumbai was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Jose J. Kattoor Chie

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Mar 29, 2018

Reserve Bank of India imposes monetary penalty on ICICI Bank Limited

The Reserve Bank of India (RBI) has imposed through an order dated March 26, 2018, a monetary penalty of ₹589 million on ICICI Bank Limited (the bank) for non-compliance with directions issued by RBI on direct sale of securities from its HTM portfolio and specified disclosure in this regard. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking

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Mar 28, 2018

Jana Small Finance Bank Limited commences operations

Jana Small Finance Bank Limited has commenced operations as a small finance bank with effect from March 28, 2018. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. Janalakshmi Financial Services Private Limited, Bengaluru was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press rel

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Mar 28, 2018

Scheduled Banks’ Statement of Position in India as on Friday, March 16, 2018

(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 17-MAR-2017 02-MAR-2018* 16-MAR-2018* 17-MAR-2017 02-MAR-2018* 16-MAR-2018* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1639.75 1430 1413.87 1704.92 1478.63 1462.33** b) Borrowings from banks 548.14 708.97 708.7 548.94 719.26 716.01 c) Other demand & time liabilities 68.43 100.94 132.33 68.43 102.4 133.79 II LIABILITIES TO OTHERS (A) a) Deposit

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Mar 27, 2018

Annual Closing of Government Accounts - Transactions of Central/State Governments-Special Measures for the Current Financial Year (2017-18)

With a view to providing greater convenience to tax payers, it has been decided that RBI Offices and all designated branches of agency banks conducting government banking will keep their counters open up to 8.00 p.m. on March 31, 2018, electronic transactions can be done till the midnight of that day. In order to facilitate Government receipts and payments, necessary arrangements have also been made to conduct special clearing operations across the country. Centralise

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